Dogecoin Seeks $0.10 Breakout as Meme Coin Rises with Broader Crypto Market

Dogecoin has been rising in value, up 3% on Friday and trading above $0.097. The broader cryptocurrency market is also recovering, with Bitcoin above $86,000.

The number of DOGE futures Open Interest has increased by 4% over the past 24 hours, indicating a buildup of positions among traders.

Dogecoin OS launched its public testnet on Wednesday, which brings zero-knowledge rollup and EVM smart contracts to the network. This could boost the meme coin's ecosystem and adoption in the DeFi space.

Technical analysis suggests that Dogecoin is maintaining a bullish near-term bias, with the 50-period Exponential Moving Average (EMA) at $0.0947 serving as initial support.